Gold recovers on increased buying


NEW DELHI, OCT 20: Gold prices recovered by Rs 80 to Rs 27,230 per ten grams at the bullion market today on fresh purchase by jewellers and retailers to meet seasonal demand.
Traders said fresh purchases by jewellers to meet seasonal demand and a better trend in the precious metals overseas mainly supported the rise in prices.
In the national capital, gold of 99.9 and 99.5 per cent purity went up by Rs 80 each to Rs 27,230 and Rs 27,080 per ten grams, respectively.
However, sovereign remained steady at Rs 22,400 per piece of eight grams.
On the other hand, silver ready declined by Rs 25 to Rs 37,075 per kg and weekly-based delivery by Rs 45 to Rs 36,935 per kg under selling pressure and lack of buying by industrial units.
Silver coins maintained the previous level of Rs 52,000 for buying and Rs 53,000 for selling of 100 pieces.


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